FXstreet.com (Barcelona) - Sterling's bounce at 1.6285 has extended on Monday to levels above 1.6400 during European session, and the Pound has reached a fresh 2 week high at 1.6445 to trade afterwards in a tiny range from 1.6405 to 1.6430.

On a wider perspective, the Pound remains trading on a upward trending support line from September 2 low at 1.6115 up to resistance area at 1.6445 (Aug 25 high) that has been reached today.

In case of further rally, above 1.6445, next resistance levels could be 1.6505 and 1.6620 (Aug 21 high). On the downside, support levels lie at 1.6375 (Sept 1 and Aug 28 high) and below here, 1.6325 and 1.6270.

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